The African Association of Automotive Manufacturers (AAAM) theme has been selected to develop an Ethiopian automotive policy to support real estate developers and parts manufacturers and invest in Ethiopia. In addition, a motor vehicle training program for existing facilitators and forum heads will be established and evaluated, along with the establishment of a foundation for the construction of a working center to train local people to get the advanced jobs required by the industry.
This industry can positively contribute to Ethiopia's economic growth if there is a policy function in the area that enables car companies around the world to invest in Ethiopia and create jobs. Sustainable policy, with authentic motives, could set Ethiopia as a key hub for the production and integration of the automotive component.
The sector will employ a large number of skilled people and can encourage the growth of integrated industries, for example, the steel and steel industry. In addition, global OEM investment in line with supply chains can make Ethiopia a great hub in both the industry and the automotive world.
The Special Training and Job Creation Initiative was started among others by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).
This Special Program, which operates under the Invest for Jobs sector, aims to create jobs and job training and improve working conditions in neighboring countries. In this regard, Invest for Jobs supports and encourages investment that contributes to employment in neighboring countries. Furthermore, it works to create mechanisms and remove barriers to investment, such as the shortage of skilled workers. In addition, it provides extensive advice, contacts, and economic support to address investment barriers.
The first step in policy development will conduct a thorough study of the domestic and international automotive industry. In addition, it will continue as the development of a vehicle policy framework to be considered by the Ethiopian head. After consultation, the vehicle policy will attract international car investors in the automotive sector.
At the same time, a skills development program will be developed in line with international standards, which will lead to the establishment of a center of excellence. Strategic objectives are to develop an Ethiopian automotive policy and a well-functioning institution to establish a viable and competitive industrial sector for the automotive and manufacturing sector, as well as the private sector.
In addition, the objectives are to improve motor vehicle finance policy to ensure access to domestic buyers and improve BOP through competitiveness and exports and the development of foreign markets. Lastly, it aims to ensure the safety of vehicles and environmental standards while changing the level of vehicles in the parking lot, thus protecting the environment.
A vehicle development program will align with the job inventions and investors for promoting private sector investment in various sectors considered strategic by the Ethiopian government. In addition, filling the skills gap through the growth of specialized training programs will address industry participants' challenges in finding qualified professionals in the field.